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Search Results 0 to 49 of about 60 (some duplicates have been removed)
Oct 1, 2012 4:30pm PDT
more than 2.5 points, and the s&p rose almost four points. and, as suzanne pratt reports there are conflicting views on the state of american manufacturing. >> reporter: from cardboard boxmakers, to icemakers, to uniform manufacturers, factories across the u.s. are once again humming with activity. sure, the pace of production is slow but, there are some hopeful signs about the future. namely, the new orders index jumped to 52.3 in september from 47.1 in august. that suggests production will be humming this month and in november. in the last few years, manufacturing has been something of a sweetspot for the u.s. economy, which is usually the case after a recession. but, over the summer, factory activity stalled. and now there's concern it will be tough for the sector to regain momentum. >> what we're seeing now is that manufacturing over the past couple of months looks like it has slowed down to something tracking more like the overall economic growth. so, i think in terms of this cycle the best days for manufacturing growth may be behind us. >> reporter: others, however,
Oct 3, 2012 4:30pm PDT
lost in the great recession. suzanne pratt reports. >> reporter: few things would make more americans happy than a healthy job market. from recent college grads to president obama, their future might look more certain if companies really ramped up hiring. economists say there's too much uncertainty on the horizon for that to happen any time soon. the good news is that firms have stopped cutting jobs. the bad news is they're still too nervous to hire more than a handful of new workers. friday, economists predict the september employment report will show a modest 113,000 new positions were added, barely better than august. still, some believe current data underestimates what's really happening with hiring. >> the perception of the labor market is probably more like a world where we're adding 150,000 jobs a month, which isn't good, but certainly better than the numbers are printing which is only around 100,000 or so. >> reporter: anecdotal evidence supports that assessment too. this new york staffing firm primarily places workers in administrative jobs, and says it's finding the market s
Oct 4, 2012 4:30pm PDT
point for the precious metal. suzanne pratt takes a look at whether gold will cross through it. >> reporter: guess what's on the move again? you got it-- gold. gold futures are closing in on $1,800 an ounce, a gain of 14% this year alone and close to gold's all-time high of 1924. traders at the new york mercantile exchange credit fed chairman ben bernanke and his renewed push to keep u.s. interest rates ultra low for the run-up in gold. >> the fact that they're going to flood with more, more money is a very good sign for gold, and that's kind of what's propelled us to here. >> reporter: as for where prices are headed next? if the u.s. economic environment remains relatively slow, traders predict new highs for the precious metal could come in the first half of next year. that's if gold is able to break through certain technical levels. >> i think if we can get above $1,816. we should see 19 and a quarter. if we can get above $1,925, then $2,000 is definitely in our sights. >> reporter: experts say one thing that could push gold prices above $2,000 an ounce this year is if presid
Oct 8, 2012 4:30pm PDT
. in fact online sales could be a bright spot in an otherwise lackluster retail season. suzanne pratt has the story. >> reporter: stores like this one are where americans will do the majority of their holiday shopping this year. but, increasingly more and more consumers will let their fingers do the buying, by shopping online. so much so that online sales are expected to account for as much as 15% of total industry sales this christmas. just five years ago that number was a paltry 3%. there are a variety of factors that are likelto draw consumers to computers for shopping this year. but, retail expert tom blishock says first and foremost, it's all about finding the best deal. >> so, no matter if you're buying clothes, if you're buying electronic appliances, or i should say electronics or you're buying food, theres's this tendency to use online shopping on a browsing basis, on a selection basis and on a purchasing basis. >> reporter: an unscientific survey on the streets of manhattan showed holiday shopping plans were a mixed bag. >> reporter: do you think you're going to do more shopping
Oct 9, 2012 4:30pm PDT
striking distance of those magic numbers. suzanne pratt takes a look at whether we'll see the milestones anytime soon. >> reporter: here's where the major averages are currently trading. the dow is within 690 points of its all-time high, while the s&p 500 is 124 away from its best level. a few really good days and perhaps we'll have new milestones for one or both of the major indexes. veteran floor trader art cashi says it's a possibility, but there's not a lot of conviction among investors today. >> you can see some of the stocks that have led things have been defensive stocks. so, that tells you that it's not quite holding your nose and buying stocks, but saying "i'm not entirely enthusiastic about this but i think i'll do it." >> reporter: stock market pessimists point to continued economic instability in europe, confusion about america's fiscal cliff, and worries about third quarter earnings. optimists talk about attractive stock market valuations and tidbits of evidence the economy might be improving. some also expect companies to say nice things about the business climate next year
Oct 10, 2012 4:30pm PDT
noted existg home sales strengthened, while prices rose or stayed stable. suzanne pratt takes a closer look at whether the broader economy is also showing signs of strength. >> reporter: here's a shocker: the u.s. economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the business climate. 10 of the 12 fed districts reported economic activity in september expanded modestly since the last snapshot. only new york and kansas city saw a leveling off or slowing of growth. residential real estate was the one major sweet spot, showing widespread improvement. >> we've seen a pickup in house prices, we've seen a pickup in construction activity, a little bit better demand for loans. so, it generally corroborates what we've been seeing in the economic reports on the housing market. >> reporter: conditions in the manufacturing sector were mixed, but somewhat improved since the last reading. meanwhile, the job market was little changed since the last report, which was the released in august. that was bit of a surprise, given
Oct 16, 2012 4:30pm PDT
. suzanne pratt takes a closer look at pandit's tumultuous tenure. >> reporter: the citi management skeup had many people on wall street scratching their heads today about the timing. not only is the big bank finally regaining its footing, but there were no hints about the boardroom shuffle during vikram pandit's conference call yesterday on earnings. but 24 hours later, citi's new c.e.o. michael corbat and citi chairman michael o'neill hosted a call of their own and explained what happened. so to be clear, today's changes do not reflect any desire to alter this strategic direction of city. >> o'neill and pandit have reportedly clashed on >> reporter: o'neill and pandit have reportedly clashed on everything from pandit's compensation to the bank's future. neil barofksy, the government's former special inspector for tarp and author of the book "bailout," said pandit's departure was overdue. >> don't know whether he was forced out, encouraged to leave, or he found the current atmosphere to be too hostile to stay. but it doesn't surprise me, and there's nothing surprising and it probably was
Oct 22, 2012 4:30pm PDT
predict stocks prices will remain relatively stuck. suzanne pratt, "n.b.r.," new york. >> susie: still ahead, tonight's word on the street: regional banks, a look at why the housing comeback can't save the regional bank stocks. it's make or break tonight, for the presidential candidates. polls show president obama and governor mi romney are neck- and-neck. tonight they have their third and final debate in boca raton, and tom is there. tom. florida is the big fridz for the campaign. it has the most number of electoral vote its at stake, in the fall election. it's also a state that has felt the full force of the great recession. the housing market in some areas in florida has shown signs of life but remains well bloat boon years. the job market in the sunshine state has seen slow recovery. >> the lunch crowd start to its file in to vinnie's all day calf nie boca raton around 11:30. despite it's name vinnys is owned by a guy named jay dietz. he bought the restaurant from vinny more than a decade ago. >> food prices are going up a couple extra dollars i won't sacrifice the quality of our f
Oct 25, 2012 4:30pm PDT
of that earnings disappointment, the company gave a less rosy forecast for the future. suzanne pratt takes a closer look. >> reporter: wall street called this a throwaway quarter for apple. after all, the iphone 5 was only available for one week during the period, and the newly launched ipad mini has yet to hit stores. still, apple sold nearly 27 million iphones during june- through-september quarter, well more than expected. experts say apple's biggest problem was that it couldn't make enough iphones. >> iphone 5 is going to continue to be an absolutely huge product. one thing iphone 5 has that the tablets don't is subsidies. because iphone is sold be carriers, you can get that up-front price down to $199. >> reporter: as for ipad sales, they were a bit sluggish in the quarter. that's because there was a bit of a pause in demand ahead of the tier tablet's relea. consumers bought 14 million ipads in the quarter, somewhat less than anticipated. despite the company's solid quarter, there are concerns about growing competition. that's as the era of apple dominating certain categories has passed. >> we
Oct 26, 2012 4:30pm PDT
to positive numbers, and that uncertainty is due to the fiscal cliff. suzanne pratt, "n.b.r.," new york. >> susie: businesses are also back to cutting jobs. just this week, dupont, xerox, proctor and gamble, dow chemical, and ford announced new rounds of layoffs. darren rsh oks at why corporate america is issuing thousands of those pink slips. >> reporter: looking at all the big companies that have announced layoffs recently, you might be worried the job market is heading south fast. high-profile publicly traded companies get headlines when they let workers go. but the companies traded on stock exchanges only account for about a quarter of u.s. employment. >> some of what's going on there could reflect the fact that global growth has been slower the past couple quarters and that may be feeding in to the hiring activity of large multinational corporations. >> reporter: the firm international strategy and investment estimates foreign earnings of u.s. companies are off 17% from their peak last year. but u.s. companies focused on services and manufacturing here at home, are doing pretty wel
Oct 26, 2012 7:00pm PDT
than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy in the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years post great recession, it should be a lot better. experts call it a side-ways economy, one that is unable to create enough jobs to bring down the nation's stubborn unemployment rate. but, people on the streets of new york have different takes on what a 2% economy means to them: >> it means first of all that anyone trying to look for employment is going have a tough time but don't give up. i myself was out of work for eight months, before i got my present job, but i just hung in there. >> right now, for us middle class folks, that probably doesn't mean much. what that will do is that will free up money on the upper end of the category. >> i think you have to be a little realistic and you take what you can get, so if it's a nominal rate of 2% that's fine. every step in the rig
Oct 22, 2012 6:30pm EDT
. as suzanne pratt reports, despite today's comeback, it could be a spooky stretch for investors. >> reporter: a halloween pop up store has popped up right across the street from america's symbol of capitalism. and, it seems rather fitting, as lately the environment has gotten scarier for stocks. the big ghoul in the market right now, corporate profits. while earnings season started off okay, it's recently deteriorated. but, market pros are worried about other spooky issues, too. >> fiscal cliff will absolutely make it uglier. if we continue to get really weak earnings numbers and guidance going forward that's going to make it uglier, if we continue to get nothing our of europe, that's going to make it uglier. >> reporter: since alcoa kicked off earnings season two weeks ago, the s&p 500 has lost close to 2% of its value. and, just today, caterpillar became the latest company to exceed expectations with its bottom line. but, its revenue fell short of forecasts, a growing trend this quarter. on top of that, cat trimmed its earnings outlook for this year, and said 2013 would be pretty much the
Search Results 0 to 49 of about 60 (some duplicates have been removed)